Cabrillo Real Estate Market Extends Expansion in Price Cuts

The number of price cuts in the Cabrillo market climbed to eight over the last 30 days, furthering a recent positive trend. Perhaps due to the decreases in list prices, sales increased to nine homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price dropped to $775,000, down from last week's $807,500. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Cabrillo is a definite seller's market.

If you have been waiting for prices to drop, now is your chance to look at these listings in Cabrillo:

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